SKF India Ltd

SKF India Ltd

₹ 6,921 11.64%
14 Jun - close price
About

SKF India Ltd is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication systems.[1]

Key Points

Product Portfolio
The company's product portfolio primarily consists of bearings, seals and lubrication systems. It develops solutions for its customers across automotive and industrial sectors through its 5 technology-centric platforms i.e. bearings and units, seals, mechatronics, lubrication solutions and services. [1]

  • Market Cap 34,217 Cr.
  • Current Price 6,921
  • High / Low 7,000 / 4,024
  • Stock P/E 62.0
  • Book Value 543
  • Dividend Yield 1.88 %
  • ROCE 29.2 %
  • ROE 22.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 57.4%
  • Company's working capital requirements have reduced from 64.9 days to 47.8 days

Cons

  • Stock is trading at 12.8 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Bearings Industry: Bearings

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
848 694 966 967 1,039 1,055 1,078 1,077 1,095 1,150 1,125 1,092 1,203
699 580 807 844 880 871 864 893 928 947 1,004 920 990
Operating Profit 148 114 160 123 159 184 215 184 167 203 121 172 213
OPM % 17% 16% 17% 13% 15% 17% 20% 17% 15% 18% 11% 16% 18%
5 6 9 16 2 9 10 13 20 23 20 24 35
Interest 0 0 1 0 1 0 0 0 0 0 0 0 0
Depreciation 14 14 12 16 15 16 17 17 17 18 19 19 19
Profit before tax 139 106 156 123 146 176 208 180 170 208 122 177 229
Tax % 24% 25% 25% 28% 25% 27% 25% 35% 28% 26% 26% 25% 24%
105 79 118 89 109 129 156 116 123 155 90 132 175
EPS in Rs 21.21 16.00 23.80 17.98 22.14 26.13 31.54 23.56 24.85 31.26 18.25 26.74 35.36
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,228 2,275 2,414 2,997 2,631 2,750 3,035 2,842 2,671 3,666 4,305 4,570
1,969 2,014 2,132 2,636 2,295 2,316 2,549 2,492 2,251 3,110 3,556 3,853
Operating Profit 258 261 281 362 336 435 486 349 420 556 749 718
OPM % 12% 11% 12% 12% 13% 16% 16% 12% 16% 15% 17% 16%
68 41 79 101 87 71 92 104 36 35 52 94
Interest 0 0 0 0 0 5 8 9 2 2 2 1
Depreciation 44 49 54 68 48 46 46 57 58 57 67 75
Profit before tax 283 253 306 394 376 455 524 387 396 531 733 736
Tax % 33% 34% 34% 35% 35% 35% 36% 25% 25% 26% 28% 25%
190 167 203 256 244 296 336 289 298 395 525 552
EPS in Rs 36.05 31.62 38.45 48.53 46.25 57.64 67.92 58.46 60.22 79.92 106.15 111.61
Dividend Payout % 21% 24% 26% 31% 22% 21% 18% 222% 24% 18% 38% 116%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: 20%
TTM: 6%
Compounded Profit Growth
10 Years: 12%
5 Years: 11%
3 Years: 23%
TTM: 5%
Stock Price CAGR
10 Years: 21%
5 Years: 29%
3 Years: 39%
1 Year: 45%
Return on Equity
10 Years: 19%
5 Years: 21%
3 Years: 23%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 53 53 53 53 53 51 49 49 49 49 49 49
Reserves 1,103 1,223 1,363 1,612 1,758 1,786 1,648 1,856 1,514 1,836 2,292 2,633
0 0 0 65 34 85 90 22 18 16 14 12
444 420 495 419 459 522 510 542 721 713 822 957
Total Liabilities 1,599 1,695 1,911 2,149 2,304 2,444 2,297 2,469 2,303 2,615 3,178 3,651
348 376 347 298 299 293 284 352 345 402 424 472
CWIP 59 25 18 12 35 37 62 41 65 52 63 89
Investments 0 0 20 19 149 154 44 197 2 2 2 9
1,192 1,294 1,526 1,820 1,821 1,960 1,906 1,879 1,890 2,158 2,688 3,081
Total Assets 1,599 1,695 1,911 2,149 2,304 2,444 2,297 2,469 2,303 2,615 3,178 3,651

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
199 122 218 26 115 367 181 330 324 57 690 624
-101 -165 -3 -174 147 -265 306 -154 654 -33 -45 -158
-46 -46 -93 49 -126 -225 -477 -178 -652 -78 -79 -204
Net Cash Flow 52 -89 122 -99 136 -123 11 -2 326 -53 567 262

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 52 53 56 59 71 65 63 56 80 68 58 60
Inventory Days 63 65 71 65 94 92 95 92 109 110 98 90
Days Payable 68 64 82 57 68 89 72 84 135 83 86 94
Cash Conversion Cycle 47 54 46 67 97 68 86 64 54 96 69 56
Working Capital Days 37 44 44 64 90 67 71 66 61 87 59 48
ROCE % 26% 23% 23% 25% 21% 24% 28% 19% 23% 31% 34%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58%
5.11% 6.45% 6.37% 6.33% 6.47% 6.36% 6.48% 6.51% 6.42% 6.46% 6.61% 6.77%
27.90% 28.73% 28.54% 28.26% 28.56% 29.02% 28.97% 29.09% 29.37% 29.20% 28.98% 29.00%
14.42% 12.24% 12.52% 12.84% 12.39% 12.05% 11.98% 11.81% 11.66% 11.77% 11.83% 11.65%
No. of Shareholders 30,83931,42437,30241,00940,45644,61045,53443,09842,35942,37746,56245,970

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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